Property
AJ Bell relabels property funds in Sipps after suspensions
Self-invested personal pension (Sipp) provider AJ Bell has confirmed that it has reclassified the commercial property funds, suspended in last week’s market turmoil, as non-standard assets under the Financial Conduct Authority’s (FCA) upcoming capital adequacy rules.
Aberdeen lifts trading suspension on UK property fund
Aberdeen Asset Management has lifted the trading suspension on the Aberdeen UK Property Fund.
Concept of open-ended property funds is absurd – Seneca
Last week’s suspension of several daily-traded, open-ended property funds demonstrates that the concept is ‘absurd’, according to Seneca Investment Management.
BofE considers new measures to halt property fund closures
The Bank of England is looking to impose new measures in a bid to stem the flow of property fund suspensions in the wake of last month’s Brexit vote.
LGIM, Aberdeen levy exit penalties on UK property funds
Aberdeen Asset Management and LGIM have announced a 17% and 15% value cut on their respective commercial property funds, following suspensions on trading by the UK’s largest property funds.